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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)
submitted 2 years ago by to c/technology@lemmy.world
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GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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[–] 4 points 2 years ago (2 children)

So I had to look online because I don't know where it is and North Carolina is nowhere near a coastline, so I'm not sure how much the people who live there are to blame.

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  • [–] 2 points 2 years ago

    North Carolina has a coastline though. Granted the issue this time was that the storm came in from the southwest and hit communities that were completely unprepared for the heavy rain, high winds and flash floods

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  • [–] 2 points 2 years ago

    I don't know where you got North Carolina from, I was speaking in general. Also the place has plenty of coastline. Also you don't need to live near the coast to live in a flood area, plenty of rivers that can and do flood. In mountainous regions it's not about building on the right side of the dike, but not at the bottom of the valley, and in the places in between it's about... well, it's usually not really about not building in one particular place, but making sure that there's areas that you can flood to protect areas you want to keep dry. Much cheaper to pay off a farmer for a lost harvest and cleanup than half a million people for losing their homes.

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